1627 East Valley Road sold on March, 27, 2018 for $35,000,000. Zillow’s estimate of the property’s value was off by only $28,220,637?

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Will things change this year? There are signs that the real estate market will be improving. Mortgage rates have dropped to around 6.6% Recently CAR reported that Americans are feeling more confident about the housing market at the beginning of 2024 as buyers and sellers are seeing a glimpse of hope at the far end of the tunnel. While rates had a slight uptick in the first week of the year, easing inflationary pressure and a soft economic outlook prompted many to believe that mortgage rates will decline in the next 12 months. For more information click Read More below.
Montecito is a Celebrity Paradise That’s Surprisingly Under the Radar. Hillside homes in this Santa Barbara community area have to-die-for views and lots of space for running around! By Claire Carponen
Even though the Dow Jones plunged 391 points on Friday Americans are increasingly optimistic about housing market conditions, encouraged by growing confidence in their personal financial outlook and the U.S. economy in general. That optimism was revealed in a recent survey by Fannie Mae, the government-sponsored mortgage firm, and it gives a boost to forecasts for real estate activity in the Bay Area and elsewhere in the months ahead.
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